Thursday, January 24, 2019
News

Vikram Kothari granted eight-week conditional bail

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Lucknow | Friday, 2019 11:15:04 PM IST
The Lucknow bench of Allahabad High Court on Friday granted an eight-week bail with certain conditions to jailed Rotomac chairman Vikram Kothari.

The bail was granted by the bench of Justice A.R. Masoodi in view of the frail health of the Kanpur-based businessman, who has been accused of fraud and defaulting on loan repayment worth millions.

Sources said Kothari needs "a surgical procedure".

The high court has, however, set conditions like depositing of the passport and providing his location details. The court also directed him to surrender after eight weeks and asked to submit an affidavit to this effect.

The court had earlier rejected his bail application on November 30 last year.

A senior Bank of Baroda official had on February 18, 2018 filed a complaint with the Central Bureau of Investigation against Vikram Kothari, his wife Sadhna Kothari and son Rahul Kothari for defrauding them and of hatching a criminal conspiracy to fool banks like the Oriental Bank of Commerce, Bank of Baroda, Allahabad Bank, Bank of India, Bank of Maharashtra, Union Bank of India and Indian Overseas Bank.

Rahul Kothari was granted bail on November 30.

--IANS md/nir

( 199 Words)

2019-01-11-22:30:10 (IANS)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
Odisha CM writes to Railways Min demandi...
Pleasant Thursday morning in Delhi...
Snatch voting rights, govt jobs of peopl...
Nitin Gadkari attacks Congress for faili...
Mallikarjun Kharge to lead Maharashtra C...
PESO official caught by CBI for taking b...
More...    
 
 Top Stories
UP illegal sand mining: ED register... 
Former Congress leader joins Sajad ... 
Smriti stars in India's 9-wkt win o... 
Ghosn resigns as Renault President... 
Nepal official launches mission to ... 
Curfew in Odisha town following gro... 
PCB decries Sarfraz's racial slur... 
Neymar suffers recurrence of fifth ...